If you’re a Colorado resident, you could be eligible to receive up to $1,112 from the state’s Department of Revenue through the Property Tax, Rent, Heat (PTC) Rebate program. This program is designed to support residents like you who may need extra help managing living expenses, especially during the colder months. What’s more, you can qualify even if you don’t have a Social Security Number. Here’s what you need to know.
The PTC Rebate is available to residents who fall into the low-income bracket, are older, or have disabilities. The state has set aside seven million dollars to help eligible residents with their property taxes, rent, or heating bills. This financial relief can be a significant help as the temperature drops and heating costs rise.
Are You Eligible? Here’s How to Find Out:
To qualify for the PTC Rebate, you need to meet these criteria set by the Colorado Department of Revenue:
- Residency: You must have been a full-year Colorado resident in 2023.
- Age or Disability Status: You should be 65 or older, a surviving spouse aged 58 or older, or living with a disability regardless of age.
- Income Limits: Your total income should not exceed $18,026 if you’re filing individually, or $24,345 for married couples filing jointly.
- Living Situation: You must have lived in Colorado from January 1 to December 31, 2023, and paid property tax, rent, or heating bills during this period.
- Dependents: You must not have been claimed as a dependent on someone else’s federal income tax return.
When to Expect Your Rebate:
If you send in your application and it’s approved and processed before December 10, you can expect to start receiving payments from January 5, 2025. For those who filed and had their application approved between June 11 and September 10, 2024, the next payment date begins on October 5, 2024.
How to Apply and Check Your Application:
You can check your application status online through the Colorado Department of Revenue’s online portal. If you don’t have a username and password, you can register for one. If you prefer, you can also contact the Colorado Department of Revenue by phone at (303) 238-7378, Monday through Friday from 8:00 AM to 4:30 PM MT.
Important Tips for a Smooth Application Process:
- Make sure the address on your PTC application form matches your driver’s license or Colorado ID. If you need to update your address, contact the Motor Vehicle Division or make the change online to avoid delays in processing your rebate.
- Don’t have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)? You can apply for an Alternate Identification Number when submitting your rebate application.
Taking advantage of the PTC Rebate program can make a big difference in managing your household expenses. Make sure to apply on time, and if you have any questions, reach out to the Colorado Department of Revenue for assistance. This is your chance to get the support you deserve!